North Lake Tahoe Real Estate: 1st Quarter Market Report 2017

When looking at the stats for North Lake Tahoe real estate, it is important to note that these numbers do not include the West Shore, Squaw Valley, Truckee and Northstar and Tahoe Donner.

The first quarter showed there were about the same amount of homes sold while the dollar amount of the total solds did decrease. While the amount of homes sold stayed roughly the same, the average sold AND median sold price  went up. Which is great news for sellers. This means they likely get more money at the time of resale compared to last year. On the other side, this means buyers will also have to spend more compare to last year. The days on the market also saw a little bit of an increase, but minimally. While this particular side of the lake is known for a higher price point, this month’s highest sale was between $3,000,000 – $4,999,999 while this time last year saw the highest sale between $5,000,000 – $7,999,999. When looking at some of the other stats for the communities we didn’t include (mentioned above) on this side of the lake, all of them saw a dip in active listings, solds, etc. I am going to chalk it up to this crazy winter we have had. Snow and road closures make it hard to get to listings so I am keeping an eye on the numbers as it starts to warm up. For more information on North Lake Tahoe real estate, give me a call.